Note to Fred & the other PolyAnnas out there screaming things are
by "BuffettHater@[EMAIL PROTECTED]
" <BuffettHater@[EMAIL PROTECTED]
>
Apr 7, 2008 at 04:44 PM
Some interesting notes on WaMu: BTW no way is any bank gonna get a
$5B injection when a third of loans are bad.
C & P
Paul Miller, analyst with Friedman Billings Ramsey, warned in a
research note in March that many marquee-name banks are experiencing
growing ratios in terms of their non-performing assets to risk-based
capital.
Miller said WaMu's ratio was currently at 21.8%, one of only a handful
of institutions with a level that high. In comparison, troubled
mortgage lender Countrywide Financial Corp. (CFC:
Countrywide Financial Corp currently sits at 29.2%.
WaMu is holding a shareholder meeting April 15
